The Once and Future Money- Bob Landis

[gpond]

The Three Propositions

Allow me to present what might be called the three articles of the gold bug creed:

First, gold is money. It always has been. It’s the clear choice of free markets throughout recorded history.

Second, what we call money today is not money at all. It’s just a rash experiment in credit expansion that has spun totally out of control. Like all such experiments before it, this one will end in tears.

Third, following the failure of the current monetary system, gold will once again play its historic role as the anchor of a successor system. The market will demand it, and the authorities will have no choice but to let the market have its way.

The presence of gold in your portfolios signifies that you will emerge from the collapse of this experiment with your capital intact. Indeed, you may clean up in a radically altered landscape. Kind of the ultimate good news/ bad news scenario.

Now with your indulgence, I’ll take you on a little historical excursion as I provide some support for these wild assertions.

[A good read. Much, much more with pictures at the following website. ]

http://www.goldensextant.com/LLCPostings4.html